![Will Trump’s economic policies really cause ‘the mother of all stagflations’? Here’s what experts say](https://fortune.com/img-assets/wp-content/uploads/2024/06/GettyImages-2147888973-e1718998525733.jpg?w=2048)
Will Trump’s economic policies really cause ‘the mother of all stagflations’? Here’s what experts say
FortuneUnlimited Funds’ Bob Elliott argues only part of Summers’ forecast seems valid: “Tariffs, at their core, are a regressive tax that is inflationary…But they’re also a modest support to U.S. economic conditions.”